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Persistent link: https://www.econbiz.de/10009673862
Can bank competition help attenuate the prevalence of zombie firms? Motivated by a stylized model, this paper studies the effect of bank competition on the formation of zombie firms in two stages: the formation of distressed firms and distressed firms obtaining zombie lending. Using China’s...
Persistent link: https://www.econbiz.de/10014353076
Can bank competition help attenuate the prevalence of zombie firms? Motivated by a stylized model, this paper studies the effect of bank competition on the formation of zombie firms in two stages: the formation of distressed firms and distressed firms obtaining zombie lending. Using China’s...
Persistent link: https://www.econbiz.de/10014258491